Compliance risk can result in failure to conform with laws and regulations that apply to a business process at the international, country, state and local level. Organizations must be aware of and take appropriate steps to protect their rights and remain in compliance with applicable laws and regulations.
This document discusses business and regulatory compliance risks and includes questions for compliance risk evaluation. Sample questions to consider include: Is there a high dependency upon IT to attract new customers and retain existing customers? If the company is a public company, is it sensitive to compliance with laws on public company information posting?